Maryland Joins States Proposing Strategic Bitcoin Reserve
Maryland is moving forward with integrating Bitcoin into its financial framework. On Friday, February 7,
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Gold-Backed Altcoins Boom as Major Banks Raise Price Predictions: Which Coins to Get
As economic uncertainties mount, investors are increasingly turning to gold-backed cryptocurrencies as a hedge against volatility. With gold prices nearing $3,000 per ounce, leading financial institutions, including Citi and UBS, have raised their price forecasts, further fueling demand for digital…
NFT Market Meltdown: $119 Million in Sales Marks Dramatic 33% Drop – Markets and Prices Bitcoin News
Non-fungible token (NFT) analytics reveal that NFT sales faltered in early February, with $119.49 million recorded during the first week of the month—a 33.73% contraction compared to the preceding seven-day stretch. Digital Collectible Buyers and Sellers Slide Significantly Data sourced…
Crypto VC Suggests Market Nearing Local Bottom as Bearish Sentiment Peaks
The cryptocurrency market may be approaching a local bottom, according to Felix Hartmann, founder of Hartmann Capital. In a February 8 post on X, Hartmann pointed to extended negative funding rates and widespread bearish sentiment as signs that the market…
Coinbase Holds Over $420 Billion in Digital Assets for Users, Exceeding 21st Largest US Bank
Coinbase, one of the world’s largest centralized cryptocurrency exchanges (CEX), now holds over $420 billion in digital assets on behalf of its users, surpassing the 21st largest bank in the United States in terms of assets under management (AUM). The…
Bitcoin Network Activity Drops 15%, Hits Lowest Level in a Year
Key Takeaways CryptoQuant reports Bitcoin network activity has declined by 15% since November 2024’s record high, reaching its lowest level since February 2024. Daily Bitcoin transactions have dropped by 53%, from an all-time high of 734K in September 2024 to…